Earlier quoted context omitted.
In some ways, every third-world country in the world SHOULD do this. I say this as an Indian iPhone user. iPhones are a luxury product. A tax on imported high end electronics is a tax on the well-off. Not only that, it's the best kind - a tax that an end-user can choose whether or not they want to pay.
In most ways they shouldn't, poorer countries have been doing rather well out of globalisation. If trade wars started all over the world they would suffer the most.
Rich countries as well, lot of pharma drugs sold in the US come from India.